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... I don't ... treat it like so much help in China was in and out ... extreme type and perhaps kick start the Middle East peace process will continue ... on Tuesday morning ... July pit and Kelly Evans joined by Dow Jones managing owner Neil upsets morning I don't know you for being your great let's go straight to Beijing where Wall Street Journal quarter Jason Dean joins us in shape and I were expecting D Telcom exact pricing of the site killing a second but basically we're looking at possibly a twenty three billion dollar deal for AgBank cracked ... that's right ... the goal of high-end range ... and twenty three million ... or twenty three changes may be destined to record these IPO ever ... now AgBank let's explain to people a bit about this deal is one of China's biggest lender state-owned lender has twenty four thousand branches largest customer base in the world ... it will have more exposed to the world Chinese Hussman under some worry about letting quality data in a especially China's stimulus plan of the past year ... and just how risky is this village investors and seemingly piled into Areddy ... well when he said in his general worries about Chinese banks' lending with stimulus also used a teacher is going on government policy row Feldman's ... concerns about that legacy ... potential bad loans on the other hand ... when you look around the world today ... very few banks anywhere outside candidate with the even ... conceivable for them to raise around your twenty billion dollars ... so I think it benefits from a possibly corrupt and if I want one or two to what extent this reflects as optimism in China over their economy perhaps their financial markets the US certainly comes at a time when we jitters are growing here in the US ... drainage and ... it's a nice bank ... benefited from the fact that there are not in a number of green options elsewhere in the world ... in China ... is growing in the ... going much faster than ... in ... any other major tiny planted on the other hand were at a point now where he works to connect to slow somewhat ... in the question is how much will it snow ... let slowed to a point where it becomes a problem it's the perfect age bank earnings and the rest ... private sector ... in India one interesting point out that these well it that the IPO so far this year the world's largest this is from Earth during a confrontation in developing markets and you're not seeing a lot of action here in the U S though it does seem as though ... I admit that I've been passes and agree in this recovery to be considered for a few years ago there was a big fuss lot of people were saying Oh New Yorkers with losing its primacy is a financial center ... and at that time Sarbanes Oxley of the regulations were being blamed ... in some people are saying even going bad for five years ... no it's not that ... the world is change the US is not ... the center of world or other places ... where ... we're both investment dollars and the maturity of the markets have adjusted also was gonna be a fairer and more even playing field ... and you know what we're seeing this year is just proof of that that is ... you know that that's what's going on here more than some of any kind of regulatory arbitrage ... do a thing died also think is worth an ETF is that ... you know what this really is a very interesting because it seems to be so much investor interest ... is that you are betting ... capitalist dollars investments ... in a state-run bank ... that I'll be Chinese banks are among the strongest in the world but one that is clearly not just primarily interested in enriching its shareholders that's a good point that the long-term risk I think in this deal ... suppose the other end if they can't comment on that because AgBank does have soared about a UN mandate to on increased China's social activities and lend it some of these farmers such ... Britain's government to maintain ... that's a large majority stake in the speech unlike all banks ... it needs to Nestle is no government said the government says ... the economy needs you go a little money last year all of the banks did that the bees ... no ... new loans in two thousand and nine spots governments to set ... right and the more ... the policy ... under ... pressure ... because again this ... responsibility that ... traditionally helping ... the government through government policy to be clear Louisiana ... is a concern now twelve guests hero in urban residents ... Wednesday thanks for joining us that there really a fascinating story when owing to the global economy are now assured given Intel's on that I think ... anytime today sustain two ... things a lot you know let's bring Paul vignette from the markets of on now all ... let's talk about stocks this week we don't have a lot of economic news a lot of people are looking at technical training to the guy was going on here ... I mean you're saying there are some signs perhaps investors may be headed second-quarter earnings season for big money in it ... he really two weeks the law to sell a lot of flotsam and last week was especially bad ... this week he'll stocks rose in Asia stocks open Europe futures rookie year yet equities are looking more attractive now and the reason a lot of the bulls are sure to point to this is the same stocks did she ... noted that Kyees the price earnings ratio on the SNP five hundred looking ahead twelve months ... and it's cheap it's twelve or thirteen ... below historical averages ... the issue of course is that that's predicated on the fact that ... the earnings party I estimate ... is old were for record I mean next year's ... earnings were twenty eleven he estimates about ninety five dollars that would end up being the record he said and is the record right now ... in two thousand and six that thing here is to mean ... stock market tends to work in a contrarian way ... and in some ways you could have a more oblique short-term outlook you don't ... believe we thought we had slow growth and now we think we have even slow growth and maybe even hard to discern growth ... of at the same time ... you know companies is still running lean ... and show it is not free consumer demand but the running anew in a profitable way ... exports are up and doing well ... especially you know in Asia still coming along ... and basically the other thing is ... you're not getting peed ... in any other market in other words if you want risk aversion ... you almost have to pay sold to the great investors are always seeking some greater return than is available in full safety ... you may have to take the risk even with all the bleak macro Holland you think too that this load of action we get Alcoa reporting on Monday that's for kicks off the second quarter many people think OK we haven't heard a lot of negative preannouncements Lee absolutely haven't heard alignment of the announcement this week of you know the Kiwis to watch for that I don't see signs that it had ... so earnings will probably come off second-quarter earnings probably come off as expected was a good thing ... you want keep an eye out on the outlook for the second half obviously even more so than normal ... and you want to keep an eye on this and if you're an investor ... than you think the earnings and hit a record next year the nearby ... Amritt ... if you're worried about a thing or not a Goldman Sachs and three at worrisome now the proud of the weekend to saying look we could see a second-half slowdown something like one half percent of certain ages in which wins is that the market's cheaper is that the analysts finally capitulate and owns the eight ... ball they fly the seven eleven AM Dauman said we also won the by now to talk about ... Minniti happening in Washington today Prime it is really Prime Minister Benjamin Netanyahu's meeting with President Obama ... and Wasshington reporter Charles Levinson joined us now from Jerusalem Charles ... there's been some a hike in relations between these two nations of the last couple of weeks out what are we expecting if anything come of this meeting today ... according to be between two days short of the it showcase of improved ties between the route between Israel and ... Washington ... I didn't want to show that the ... unit with strained ... to characterize the relationship over ... a week and Obama and Netanyahu came into office in early two thousand and nine ... has started ... to recall them with a better working relationship between the two leaders today ... I think that in part because ... they ... did in the ... realization that in order to prevent the peace process ... to be a greater level of trust between ... between Washington and Israel ... Alcoa can coerce him ... from competing with the field are ... from domestic will put them into the midterm ... it appears that true ... digital Rifkind in the mission concluded with the tools that could harm from Democrats and that we ... don't see a single emerge with some ... common about Iran or some ... details of a strong showing ... Faurecia obviously it's a crucial interest to Israel ... a will that be something that Obama in a sense gives Israel by coming out ... with some joint statement the end of this meeting ... the ball over a very good ... French and the other direction to them the street may ... have been quite you know I have ... to provide content we'll have to leave the door seemed sort of ... you know as as as again ... the road to be between two ... thousand also been ... going on ... you know the kind that seems all but two of the political relations between Washington and throughout the somewhat ... and we want ... to develop their cooperation ... barely grew by a huge impact on U S ... Joint Air Force exercises ... the show for the year and Toby Freya ... he was going to be doing command a working group pm on the ... go ... we need a lot of cooperation on to the military tied the yuan and ... I think that probably wonder if the teacher for actually being there are maybe sometime in the limelight and yes ... I Intel's I spoke at the time that Winans a and appreciate joining us nailed thanks again for time ... to think that one final marker at the four CAM Domus that I'm Kelly Evans have agreed to ... I ...